Lay-offs

Flipkart may let 1,000 employees go, Swiggy likely to lay off 400

Flipkart is intensifying its efforts to achieve profitability as it is eyeing a valuation of approximately $60 billion at the time of its initial public offering (IPO), now planned in 2025-2026

British firm Arm lays off over 70 engineers in China, relocating roles

Arm Holdings Plc has recently laid off over 70 software engineers in China though it will relocate some of the roles outside of the Asian nation, according to people with knowledge of the move.

Rolls-Royce cutting up to 2,500 jobs in overhaul of UK jet engine maker

Jet engine maker Rolls-Royce said Tuesday it's cutting up to 2,500 jobs globally as part of a corporate overhaul that its new CEO is carrying out. The aerospace company was hit hard by the COVID-19 pandemic that decimated demand for air travel. Tufan Erginbilgic, who took over as chief executive in January, said the layoffs are aimed at making Rolls-Royce "more streamlined and efficient". Rolls-Royce, based in Derby, central England, didn't disclose where jobs will be cut, but around half of its 42,000-person workforce is based in the United Kingdom. The cuts will remove duplication and bring cost efficiencies in the latest stage of its "multi-year transformation", the company said. We are building a Rolls-Royce that is fit for the future," Erginbilgic said. The company slashed 9,000 jobs globally in 2020 as it grappled with the collapse of air travel during the pandemic. The new turnaround plan also includes creating a new company-wide procurement division that can take advantag

LinkedIn lays off 668 employees in 2nd cut this year amid slow growth

The cuts, which affect more than 3% of the 20,000-strong staff, add to the tens of thousands of job losses this year in the technology sector in the face of an uncertain economic outlook

Endless troubles: What is happening at quick commerce platform Dunzo?

Quick-commerce player Dunzo is struggling not only with financial losses but also with keeping its operations afloat

Job search engine ZipRecruiter lays off 20% of global workforce

Job search engine ZipRecruiter has announced to reduce its global headcount by approximately 270 employees, which represents approximately 20 per cent of the company's total number of employees

General Motors lays off several hundred full-time contract workers

The Detroit automaker did not immediately respond to a Reuters request for comment. GM shares were up about 2.5% to $33.86

upGrad subsidiary Campus lays off 30% of workforce amid funding crunch

This is the second upGrad arm to have recently laid off staff. Last December, Harappa Education, which upGrad had bought for Rs 300 cr in July 2022, let go of 70 people

Zoom abruptly fires president Greg Tomb 'without cause': Report

The executive had taken a high-profile role at Zoom during his short tenure, appearing on earnings calls and overseeing the company's sales operation

'Hard work was a mistake', Twitter employee regrets after being fired

Another 200 staffers fired in fresh round of job cuts

Twitter fires at least 50 in relentless cut on costs, says report

The job cuts impacted multiple engineering teams, including those supporting advertising technology

Microsoft cuts jobs in HoloLens, Surface, Xbox as layoffs continue

A total of 617 workers were laid off in the Seattle area, according to a notice filed with the state

In layoff season, social networks are stepping up to help ease the anxiety

Support and empathy on sites such as LinkedIn and a market that is still hiring are softening the blow

Amazon, Goldman Sachs employees flood social media with layoff news

Professional networking platforms, such as LinkedIn and Grapevine, were full of stories of layoffs

'Scariest economics paper of 2022' forecasts huge lay-offs over next 2 yrs

The 'scariest economics paper of 2022' has warned that a high unemployment rate will be necessary to combat inflation and to bring it down to 2%

Cars24 to Vedantu, start-up lay-offs accelerate on capital crunch worries

Falling valuations, slowing funding rounds add to woes; move aimed at conserving cash and shore up profitability

Volkswagen's labour chief says no need for four-day week to save jobs

Volkswagen sees no need for a 4-day week at its plants to secure jobs despite a growing shift to electric cars that are easier to build and require fewer workers, the head of labour relations said

Coca-Cola offers buyouts to 4,000 US workers, plans to streamline operation

Half of Coca-Cola's sales come from stadiums, movie theaters and other places where people gather in large numbers venues that have been closed during the coronavirus pandemic

Hackers posing as HR staff are sending lay off emails to attack firms

Hackers disguised as HR are sending lay-off emails to employees amid the pandemic, pushing malware into devices, accessing data and entering networks of organisations once attachments are clicked open

US companies announced 633 layoffs related to coronavirus outbreak so far

The entertainment and leisure sector is the most affected so far, Challenger said